Market Insights Consumer Food Dairy Products & Eggs

Eggs - Bhutan

Bhutan

Revenue in the Eggs market amounts to €9.12m in 2024. The market is expected to grow annually by 11.33% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€20,650m in 2024).
In relation to total population figures, per person revenues of €11.51 are generated in 2024.
In the Eggs market, volume is expected to amount to 6.29m kg by 2029. The Eggs market is expected to show a volume growth of 7.4% in 2025.
The average volume per person in the Eggs market is expected to amount to 5.5kg in 2024.

Key regions: India, United States, Russia, South Korea, Japan

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Eggs Market in Bhutan is currently experiencing subdued growth, influenced by factors such as limited access to digital technologies and lower health awareness among consumers. However, online health services are gaining popularity, boosting market growth.

Customer preferences: As health and wellness awareness continues to rise in Bhutan, consumers are increasingly opting for organic and locally-sourced eggs. This trend is driven by a growing preference for natural and sustainable food options, as well as a desire to support the local economy. Additionally, the popularity of vegetarian and plant-based diets among younger generations is contributing to the demand for eggs as a protein source.

Trends in the market: In Bhutan, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards organic and free-range eggs due to increasing consumer demand for healthier and ethically-sourced products. This trend is expected to continue as consumers become more health-conscious and environmentally aware. Industry stakeholders should anticipate the need to invest in sustainable and humane farming practices to meet this demand and capitalize on the growing market for organic eggs. Additionally, there is a rising interest in plant-based egg alternatives, which presents opportunities for innovation and diversification within the Eggs Market.

Local special circumstances: In Bhutan, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's unique cultural and geographical factors. Bhutan is a predominantly Buddhist country, and therefore, there is a strong preference for vegetarian and dairy-based products in the market. Additionally, Bhutan's mountainous terrain and limited agricultural land make it challenging to produce eggs, resulting in a shortage of supply. This, coupled with strict government regulations on egg production and imports, leads to high prices in the market.

Underlying macroeconomic factors: The growth of the Eggs Market in the Dairy Products & Eggs Market within The Food market is influenced by macroeconomic factors such as consumer preferences, government policies, and global trade dynamics. Countries with a strong demand for protein-rich foods and a focus on promoting healthy eating habits are experiencing higher demand for eggs, leading to market growth. Additionally, favorable government policies promoting the production and consumption of eggs, as well as increasing international trade of eggs, are driving market expansion. However, fluctuations in global supply and demand, as well as trade regulations, can impact the market's performance.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.